A study of 200 computer service firms revealed these incomes after taxes: Income After Taxes Number of Firms Under $1 million 102 $1 million up to $20 million 61 $20 million or more 37 What is the probability that a particular firm selected has $1 million or more in income after taxes

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1) the stages a new product goes through from beginning to end, i.e., the stages that a product passes through from introduction through growth, maturity, and decline. 2) the time from initial research and development to the time at which sales and support of the product to customers are withdrawn. 3) the period of time during which a product can be produced and marketed profitably.

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